Hey @Trent Jackson welcome to bp. I am also reading the book on rental property investing by @Brandon Turner. I have already read over 10+ real estate books this year and so far have listened to the first 320 bp podcasts.
I currently live in McAllen, Tx and plan to buy my first rental, a 4 plex next year. I have been following the MCALLEN market for the better part of this year and I have noticed that there are a lot of new single family homes and multi family being built. There is also a lot of land on which to build so there are a lot of things for sale and rentals have been offering more and more concessions. Over the past 10 years annul appreciation has been about 1.5-1.8%. Mls deals down here generally follow the 1% rule.
I’m curious how you heard about the rio grande valley and what attracted you to it.
Bp podcast episode 317 has great info about out of state investing and they also recommend certain places such as Houston, Austin, San Antonio, Dallas, Carolinas, Atlanta. Also, rich dad series Abc’s of real estate investing and advanced guide to real estate investing by Ken McElroy talk about finding great markets and what to look for.
And of course there is David Greene’s book on long distance real estate investing! Hope this helps and good luck!